Dymon Asia Capital Singapore PTE. LTD. Buys Shares of 100,100 Huntsman Corporation $HUN

Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Huntsman Corporation (NYSE:HUN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 100,100 shares of the basic materials company’s stock, valued at approximately $1,001,000.

Several other hedge funds have also recently bought and sold shares of HUN. Strategic Advocates LLC bought a new position in Huntsman in the 3rd quarter valued at about $27,000. Advisory Services Network LLC bought a new position in Huntsman in the 3rd quarter valued at about $58,000. Caitong International Asset Management Co. Ltd increased its holdings in Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,706 shares during the period. Parkside Financial Bank & Trust increased its holdings in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after buying an additional 5,925 shares during the period. Finally, Platinum Investment Management Ltd. bought a new position in Huntsman in the 4th quarter valued at about $68,000. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Performance

Shares of Huntsman stock opened at $15.73 on Friday. The company’s 50 day moving average price is $14.15 and its two-hundred day moving average price is $12.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $15.93. The firm has a market capitalization of $2.76 billion, a P/E ratio of -8.19 and a beta of 0.64.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that Huntsman Corporation will post -0.25 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s payout ratio is presently -18.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HUN. The Goldman Sachs Group restated a “sell” rating and issued a $13.00 price target on shares of Huntsman in a research note on Friday, February 20th. Royal Bank Of Canada increased their price objective on shares of Huntsman from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Alembic Global Advisors upgraded shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Mizuho raised their target price on shares of Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.17.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.